Steemit killer? Perhaps.
Steemit is vulnerable.
STEEM killer? Not a chance.
Steemit is an interface that can be topped. I agree completely with this idea. STEEM has a great deal going for it that could be difficult for something like this to catch up to. To start, the other apps on the blockchain...Dmania, Dlive, D.Tube, and soon Dporn. By the time they release in Q4, 2018, how many more will be on the STEEM blockchain.
Also, will Steemit make improvements. We know of the talk of communities...will we see it by them...will we see the Hard Fork by then? Who knows.
SMTs is also a game changer. STEEM is extremely valuable because bandwidth on this blockchain is purchased in STEEM. Once other tokens are created and paired with STEEM, that makes it extremely more valuable.
When will we see SMTs? Who knows.
You are right, there is room for many social media sites and Steemit has left the door open. Being decentralized offers a major advantage, someone in a small room somewhere could be putting together the next Facebook.
That said, I dont view anything as competition...people will use what they use and what is profitable for them. Heck, if it is a good enough site, I would post on Narrative too....why not?
People today are posting on YouTube and D.Tube....and that makes sense....why not spread your stuff around.
I agree, STEEM still has many benefits and differences to something like Narrative. It being a platform on top which you can build indeed adds a lot of value and features that I do not think Narrative will be able to match. And SMTs, indeed!
One main difference is that the STEEM token itself seems a lot more attractive than the NRV token. There's just no incentive to hodl NRV that I can detect! I could see NRV being a fixed $1 price and not move much due to this, for example, whereas STEEM can increase a lot more. Plus the fact you can use it on other sites like D-Tube, like you mention.
So for investors and token holders STEEM may be more interesting than NRV! But for the average (new) user, who isnt interested in hodling and just wants to earn some money, this new platform could be a better place to earn than on Steemit. The distribution of the rewardpool is just so skewed on Steemit, and it's only getting worse as time progresses it feels like. Minnow-disheartenment is a big issue in my eyes.
But like you, my approach is to just go and try it all out and perhaps crosspost on multiple platforms. Why not, after all? I could reach more people, increase my rewards and diversify my risk. Over time we'll see which sticks around and which reigns supreme, or which disappears. For the time being I think we're pretty safe on STEEM and Steemit for the next year or so!
It might feel that way but the numbers do not bear it out. The Whales percentage of the whole is continually declining. My post this morning was an update on the numbers...Initially I compared a 90 day period from Oct 25 to Jan 25 and then to Jan 31 and then to yesterday.
All bear the same results...Whales, as a percentage of the entire ecosystem, have less MVest than they did a at each interval. This follows a post I read where someone analyzed it over the past year...if memory serves me, I believe the Whales were down 7.5% over that year.
The system is designed to spread the wealth to the newer people. The sheer numbers of new people after the hard fork should accelerate things. Since a great deal of the reward pool goes to content creators, the number of people who will be posting will simply overwhelm the Whales. We have 60K active users with about 30K posting article...image those number tenfolded.....
The dilution of the reward pool will make it tough for them to keep their holding.
A whale flops around in a pond, it causes a big mess...it does it in the ocean and nobody notices. We are still in the pond phase here.....the ocean is just around the corner if we see some of the developments that were discussed on here.
But we both agree on the main point, we will try both out...we arent shy. 😀